CIMB Group

is striving to deepen its presence in the small and medium enterprise (SME) space to capture the lucrative segment.

Its co-chief executive officer (group commercial and transaction banking) Lawrence Loh tells StarBizWeek judging from the fact that SMEs are the backbone of the Malaysian economy, with close to 40% contribution to the gross domestic product (GDP), this segment is a key focus for CIMB.